Economics (Micro, Macro Theory)

Research output: Chapter in Book/Report/Conference proceedingChapter


Definitions of micro‐ and macro‐economics are provided. The methodological backgrounds underpinning economics in general and micro‐ and macro‐economics specifically are also elaborated upon with their implications for economic analysis and public policy. Also outlined are the different and varied models that comprise the economics toolbox. These include traditional price theory, behavioral economics, institutional economics, Keynesian economics in its various manifestations, and classical theory.

Original languageEnglish
Title of host publicationThe Wiley-Blackwell Encyclopedia of Social Theory
EditorsBryan S Turner
PublisherJohn Wiley & Sons, Ltd
Number of pages14
ISBN (Electronic)9781118430873
ISBN (Print)9781118430866
Publication statusPublished - 4 Dec 2017


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